In the Context of Internal Controls, Which Three of the Following

question 105

Multiple Choice

In the context of internal controls, which three of the following are true of a smaller entity? (choose three options)

• A)It has limitations surrounding its ability to put effective internal controls in place.
• B)The small number of its employees limits its ability to segregate duties.
• C)The risk of management override can be reduced by establishing documented policies and procedures.
• D)It is easier for smaller entities to have a paper trail of documentation supporting an assessment of internal controls.

---

Definitions:

ACA Code of Ethics

A set of guidelines and ethical standards designed to guide the professional conduct of counselors, established by the American Counseling Association.

Ethical Behavior

Conduct that is consistent with what society, individuals, or professions consider to be good values or moral principles.

Professional Counselors

Licensed individuals who provide guidance, support, and therapy to people dealing with personal, social, or psychological challenges.

Assessment Standards

Guidelines or criteria used to ensure that assessments are fair, reliable, valid, and effective in measuring what they are intended to measure.